NASDAQ$REG

Regency Centers Corp · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Regency Centers reported second quarter results

Regency Centers reported Net Income of $0.56 per diluted share for the second quarter of 2021, compared to $0.11 per diluted share for the same period in 2020. Nareit FFO was $0.99 per diluted share. Same Property Net Operating Income, excluding lease termination fees, increased 30.8% compared to the same period in 2020.

  • Reported Nareit FFO of $0.99 per diluted share for the second quarter
  • Updated 2021 Nareit FFO guidance to a range of $3.74 – $3.82 per diluted share
  • Reported that Same Property Net Operating Income excluding lease termination fees, increased 30.8% during the second quarter over the same period a year ago
  • Increased percent leased by 40 basis points sequentially to 92.9% in the Same Property portfolio as of June 30, 2021

Headline financials

Total Revenue

$287M

Previous: $231M+24.3%
EPS (adj)

$0.99

Previous: $0.64+54.7%
Same Property percent leased

92.9%

Previous: 94.5%-1.7%
Capital Expenditures

-$89.6M

Previous: -$125M+28.2%
Free Cash Flow

$5.89M

Previous: -$106M+105.6%
Net Income

$95.5M

Previous: $19M+401.4%
Operating Income

$111M

Previous: $45.5M+142.7%
Gross Profit

$241M

Previous: $191M+25.9%
Total Assets

$10.6B

Previous: $11.4B-6.6%

Revenue & EPS history

Regency Centers · Revenue · Quarterly

$287M

Q2 2021+24.3%vs Q2 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

Regency Centers provided updated 2021 guidance concurrently with the second quarter 2021 earnings release.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+1.0%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+1.9%

Avg return

30 days after

71%

46 / 65 earnings

Positive

+10.0%

Q1 2020

Best reaction

-7.5%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.9%-0.6%-2.6%
Q4 2025-0.3%+1.3%+4.2%
Q3 2025-3.1%-3.7%-0.5%
Q2 2025+0.8%+0.6%+1.0%
Q1 2025+0.5%+0.9%+0.4%
Q4 2024+1.5%+2.0%+1.4%
Q3 2024+2.0%+0.6%+6.9%
Q2 2024+4.4%+3.6%+7.9%
Q1 2024-0.2%+0.6%+3.9%
Q4 2023-1.0%-2.5%-0.1%
Q3 2023+3.4%-0.9%+5.5%
Q2 2023+0.9%-0.3%-5.0%
Q1 2023+1.8%-1.3%-2.3%
Q4 2022+0.9%+1.0%-10.0%
Q3 2022+5.1%+4.1%+8.8%
Q2 2022+0.0%+1.5%-3.7%
Q1 2022+8.7%+2.2%+0.5%
Q4 2021-7.5%-8.4%-7.5%
Q3 2021+2.1%-0.9%-3.5%
Q2 2021+5.3%+5.1%+10.0%
Q1 2021+4.5%+3.2%+5.2%
Q4 2020+4.9%+4.1%+17.9%
Q3 2020-5.2%+30.2%+36.7%
Q2 2020+0.1%+1.5%+0.0%
Q1 2020+10.0%+1.0%+33.2%
Q4 2019+0.3%+2.2%-11.8%
Q3 2019-1.9%-3.3%-5.1%
Q2 2019-1.4%-3.7%-3.3%
Q1 2019-0.7%-3.2%-2.0%
Q4 2018+0.7%+1.5%-0.9%
Q3 2018+2.1%+3.4%+0.0%
Q2 2018+1.9%-0.4%+3.8%
Q1 2018+0.8%-0.0%-0.6%
Q4 2017-1.4%+0.0%+2.7%
Q3 2017+6.1%+4.4%+10.6%
Q2 2017+1.0%+0.7%-2.1%
Q1 2017+2.3%-1.3%+0.5%
Q4 2016+2.3%+2.8%-9.7%
Q3 2016-4.5%-3.8%-9.1%
Q2 2016-1.0%-2.5%-5.2%
Q1 2016+2.9%
Q4 2015-1.7%
Q3 2015+1.0%
Q2 2015-1.1%
Q1 2015+2.3%
Q4 2014+0.7%
Q3 2014+3.1%
Q2 2014+2.2%
Q1 2014+2.4%
Q4 2013+0.8%
Q3 2013-1.8%
Q2 2013+0.4%
Q1 2013+2.2%
Q4 2012-1.2%
Q3 2012-3.0%
Q2 2012+1.8%
Q1 2012+3.3%
Q4 2010+1.3%
Q1 2010+1.3%
Q4 2011+1.3%
Q3 2011-4.7%
Q2 2011+4.3%
Q1 2011+0.9%
Q3 2010+1.8%
Q2 2010+0.4%

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